Do your parents have an estate plan?

If you find yourself in the “sandwich generation” (someone who is caring for both your children as well as your parents simultaneously), you need to know whether or not your parents have put together an estate plan. While it is still your parent’s choice to make estate planning decisions, having a plan — no matter how late in life it is created — is an absolute must.

The thought of speaking with your parents about their finances and estate planning probably makes you want to run as fast as you can in the opposite direction. Nonetheless, having this conversation is the key to helping make sure your parents are able to live their golden years without financial worries and that their wishes are carried out after their death. Read More

One Call You Must Make After You Buy a Home That You’ve Probably Forgotten

Now that you have finalized the purchase of your new home, there is one more expert you need to call: your estate planning attorney. Your attorney can help you review the new documents associated with your home purchase in conjunction with your existing estate plan to ensure that everything aligns and works towards your overall estate planning objectives. Read More

3 Tips for Overwhelmed Executors

While it is an honor to be named as an executor of a will or estate, it can also be a sobering and daunting responsibility. Being an executor (sometimes called a personal representative) requires a high level of organization, foresight, and attention to detail to meet responsibilities and ensure that all beneficiaries receive the assets to which they are entitled. If you’ve found yourself in the position of “overwhelmed executor,” here are some tips to lighten the load. Read More

Wills vs. Trusts: What’s the Difference?

If you’re confused about the differences between wills and trusts, here’s a quick list of four things that a Revocable Living Trust can do that Wills can’t, two things that Wills can do that Revocable Living Trusts cannot, and three things that both Wills and Revocable Living Trusts can do. Read More